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US weekly jobless claims total 218,000, vs 224,000 expected

Common Sense 1

Common Sense 1

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More great job news for our country.


US weekly jobless claims total 218,000, vs 224,000 expected

https://www.cnbc.com/2018/06/14/us-weekly-jobless-claims-june-9-2018.html

New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market.

The labor market is considered to be close to or at full employment, with the jobless rate at an 18-year low of 3.8 percent. The unemployment rate has dropped by three-tenths of a percentage point this year. It is near the Federal Reserve's forecast of 3.6 percent by the end of this year.
 
MrWonka said:
Sure is... So why exactly did we need to cut taxes and run deficits when our economy was already humming along just fine without them?
Click to expand...

Yep, allowing people to keep more of THEIR own money is a problem for you but still waiting for you to provide data that shows cutting Federal Income Taxes has led to a reduction in Federal Income Tax revenues? You continue to make the same claims over and over again totally ignoring the official Treasury data, why is that? When revenue goes up how does that increase deficits?
 
Common Sense 1 said:
More great job news for our country.


US weekly jobless claims total 218,000, vs 224,000 expected

https://www.cnbc.com/2018/06/14/us-weekly-jobless-claims-june-9-2018.html

New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market.

The labor market is considered to be close to or at full employment, with the jobless rate at an 18-year low of 3.8 percent. The unemployment rate has dropped by three-tenths of a percentage point this year. It is near the Federal Reserve's forecast of 3.6 percent by the end of this year.
Click to expand...
Any idea why job creation in 2017 was less than in 2016?
And internet says economy is worst in years?
https://tradingeconomics.com/united-states/gdp-growth
Iguess we read what fits our made up minds
 
Conservative said:
Yep, allowing people to keep more of THEIR own money is a problem for you but still waiting for you to provide data that shows cutting Federal Income Taxes has led to a reduction in Federal Income Tax revenues? You continue to make the same claims over and over again totally ignoring the official Treasury data, why is that? When revenue goes up how does that increase deficits?
Click to expand...

I'm a millionaire following the good old American way.
I have mine , screw you.
Now should I buy a new vacation home?
So many problems
 
YorkshirePete said:
I'm a millionaire following the good old American way.
I have mine , screw you.
Now should I buy a new vacation home?
So many problems
Click to expand...

Life is about personal choice and personal responsibilities, noticed how you require someone else to tell you what to do so why don't you do it yourself, give your money away and do so directly eliminating the Federal expenses and middle man? So little logic and common sense as you would prefer the Federal Govt. to tax you, take money out of your state, pay their internal administrative costs and then distribute SOME of it back to your state when you could do it yourself directly to actually help people. Liberal logic? Liberal arrogance? How about an answer?
 
Common Sense 1 said:
More great job news for our country.


US weekly jobless claims total 218,000, vs 224,000 expected

https://www.cnbc.com/2018/06/14/us-weekly-jobless-claims-june-9-2018.html

New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market.

The labor market is considered to be close to or at full employment, with the jobless rate at an 18-year low of 3.8 percent. The unemployment rate has dropped by three-tenths of a percentage point this year. It is near the Federal Reserve's forecast of 3.6 percent by the end of this year.
Click to expand...

Ah well, here's some actual data, not forecasts.
"The US economy expanded an annualized 2.2 percent on quarter in the first quarter of 2018, below 2.3 percent in the advance estimate and market expectations of 2.3 percent. Consumer spending, inventories and exports rose less than expected while business spending in equipment, structures and intellectual property was revised higher, the second estimate showed."
What did don the con say? 4-5%?
Job creation in 2017 was less than in 2016.
Maybe 2018 will be even less??
 
Common Sense 1 said:
More great job news for our country.


US weekly jobless claims total 218,000, vs 224,000 expected

https://www.cnbc.com/2018/06/14/us-weekly-jobless-claims-june-9-2018.html

New applications for U.S. unemployment benefits unexpectedly fell last week and the number of Americans on jobless rolls declined to a near 44-1/2-year low, pointing to a rapidly tightening labor market.

The labor market is considered to be close to or at full employment, with the jobless rate at an 18-year low of 3.8 percent. The unemployment rate has dropped by three-tenths of a percentage point this year. It is near the Federal Reserve's forecast of 3.6 percent by the end of this year.
Click to expand...
Hard to argue with a report showing the economy is still chugging along.

If it continues, it may very well propel Trump into a 2nd term.
 
Conservative said:
Life is about personal choice and personal responsibilities, noticed how you require someone else to tell you what to do so why don't you do it yourself, give your money away and do so directly eliminating the Federal expenses and middle man? So little logic and common sense as you would prefer the Federal Govt. to tax you, take money out of your state, pay their internal administrative costs and then distribute SOME of it back to your state when you could do it yourself directly to actually help people. Liberal logic? Liberal arrogance? How about an answer?
Click to expand...

Might help if you had Latin and knew the def of liberal.
From liber, free, forthe individual and small gov.
Not The knees news 2 nd grade education made up def.
So I'm a proud liberal.
I have somuch money I don't actually care.
Why do you assume I have people tell me what to do.?
I've been telling rubes what to do all my corporate life.
You should try it
 
Chomsky said:
Hard to argue with a report showing the economy is still chugging along.

If it continues, it may very well propel Trump into a 2nd term.
Click to expand...
Very true
Continuation of Obama, look at the graphs.
Don the con didn't inherit losing 750000 jobs / month.
 
YorkshirePete said:
Very true
Continuation of Obama, look at the graphs.
Don the con didn't inherit losing 750000 jobs / month.
Click to expand...
Agreed. Trump got lucky coming onboard as the employment elasticity was getting close to bottoming out.

He may also be unlucky, if the inevitable economic reversal or correction occurs on his watch as well.
 
YorkshirePete said:
Might help if you had Latin and knew the def of liberal.
From liber, free, forthe individual and small gov.
Not The knees news 2 nd grade education made up def.
So I'm a proud liberal.
I have somuch money I don't actually care.
Why do you assume I have people tell me what to do.?
I've been telling rubes what to do all my corporate life.
You should try it
Click to expand...
Hear! Hear! :thumbs:

And let's not mis-characterize Trump, either. Trump is NOT a conservative! He IS authoritarian! Which is the antithesis of liberal, and why Liberals hate him to the core.
 
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